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TD Ameritrade Doubles Q1 Profit, Beats Market Expectation

“Online brokerage firm TD Ameritrade has doubled its profits in the first quarter of 2018-19 fiscal year, according to the company filled earning report” writes Arnab Shome for The Omaha-based company also handled an average of 927,849 trades per day during the quarter and trading topped 1 million on 14 days.After one-time cost adjustment of the earnings, the reported profits stand at $1.11 per share, a much higher number than the street expectation of $1.01 per share.

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